The world class Asia-Pacific Cannabidiol (CBD) Oil Market market report brings into light key market dynamics of the sector. It gives an in-depth knowledge on what the recent developments are, product launches are, while also keeping the track for recent acquisitions, mergers, joint ventures and competitive research in the global market industry. This report is intended to help the readers develop a practical and intelligent approach to market dynamics and exploit opportunities. The market report is a professional yet exhaustive study on the current as well as future state for the market. Asia-Pacific Cannabidiol (CBD) Oil Market business report analyzes the status and future forecast involving sales, value (revenue), growth rate (CAGR), market share, historical and forecast in the major regions of the world.

The significant Asia-Pacific Cannabidiol (CBD) Oil Market report makes some important proposals for a new project of Asia-Pacific Cannabidiol (CBD) Oil Market industry before evaluating its feasibility. While formulating this market report, client business competence is understood adeptly to identify tangible growth opportunities. The base year for calculation in the report is considered as 2021 while the historic year is 2020 which will tell how the Asia-Pacific Cannabidiol (CBD) Oil Market market is going to act upon in the forecast years by giving information about the several market insights. Identifying significant trends, drivers, influencing factors in global and local regions is one of the key goals of this market document.

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Cannabidiol (CBD) oil has largely gained popularity due to its effective use in treating pain arising from chronic injuries. Moreover, it is further effective in tackling inflammation, anxiety and insomnia and also helps to improve the physiological and cognitive functions in an individual along with regulation the mood, pain and memory. Cannabidiol (CBD) is one of 113 identified cannabinoids in cannabis plants and accounts for up to 40% of the plant's extract. As a result, its increased popularity regarding its benefits is projected to aid the market growth over forecasted period.

Asia-Pacific Cannabidiol (CBD) Oil Market was valued at USD 173.36 million in 2021 and is expected to reach USD 1755.34 million by 2029, registering a CAGR of 33.56% during the forecast period of 2022-2029. The "hemp oil" is estimated to dominate the type segment due to its increased adoption. It significantly reduces total cholesterol and low-density lipoprotein (LDL), which further reduces the risk of stroke, high blood pressure, and heart disease. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.

Market Definition

Cannabidiol (CBD) oil is a cannabis-derived product. It's a cannabinoid, which are chemical found naturally in marijuana plants. Despite the fact that it is derived from marijuana plants, cannabidiol does not produce a "high" or any form of intoxication; this is caused by another cannabinoid known as tetrahydrocannabinol (THC). Cannabidiol (CBD) uses a wide array of applications due to its medically proven beneficial properties. Cannabidiol (CBD) is the second most prevalent active ingredient in marijuana. Cannabidiol is a phytocannabinoid that can be used in a wide range of personal care and cosmetic products as an active ingredient.

Recent Development

·         In January 2021, Next leaf, has been granted a patent by the United States Patent and Trademark Office for a process that adds to the Company's dynamic and growing U.S. patent portfolio resulting in a solventless cannabis concentrate.

·         In January 2021, Nano Hydrate unveiled product marketing services leveraging advanced technologies to provide natural healing through branding services of pharmaceutical-grade cannabidiol (CBD). Moreover, Nano Hydrate aimed to create a collaborative program that would allow them to introduce existing brands to the market for niche CBD products while expanding options for cannabis-infused beverages to the cannabis industry.

Asia-Pacific Cannabidiol (CBD) Oil Market Scope

The cannabidiol (CBD) oil market is segmented on the basis of type, product type, product category, application and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

·         Hemp Oil

·         Marijuana Oil

Product Type

·         Original

·         Blended

Product Category

·         Unflavored

·         Flavored

Application

·         Food and Beverages

·         Personal Care/Cosmetics

·         Pharma and Nutraceuticals

·         Industrial Application

Distribution Channel

·         Direct

·         Indirect

Cannabidiol (CBD) Oil Market Regional Analysis/Insights

The cannabidiol (CBD) oil market is analyzed and market size insights and trends are provided by country, type, product type, product category, application and distribution channel as referenced above.

The countries covered in the cannabidiol (CBD) oil market report are China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines and rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC).

Asia Pacific cannabidiol (CBD) oil market is estimated to grow lucratively during the forecast period due to the surging legalization of cannabis for medicinal purposes and the establishment of hemp manufacturing plants, particularly in China. China is Asia's largest hemp producer, producing roughly half of the world's hemp output. Moreover, the players in end-use industries such as personal care and cosmetics are attempting to increase their profitability and revenue in developing economies.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

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Competitive Landscape and Cannabidiol (CBD) Oil Market Share Analysis

The cannabidiol (CBD) oil market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to cannabidiol (CBD) oil market.

Some of the major players operating in the cannabidiol (CBD) oil market are

·         Canopy Growth Corporation (Canada)

·         The Cronos Group (Canada)

·         Tilray. (U.S.)

·         Hexo (Canada)

·         CannTrust (Canada)

·         Aurora Cannabis Inc. (Canada)

·         GW Pharmaceuticals plc. (UK)

·         VIVO Cannabis Inc. (Canada)

·         Alkaline88, LLC. (U.S.)

·         NewAge Inc. (U.S.)

·         Cannara. (Canada)

·         Dixie Brands (U.S.)

·         KANNAWAY LLC. (U.S.)

·         The Supreme Cannabis Company, Inc (Canada)

·         CANNABIS Aphria (Canada)

·         CURA CS, LLC. (U.S.)

·         KAZMIRA  (U.S.)

·         Curaleaf (U.S.)

·         CannazALL (U.S.)

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